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Federal Open Market Committee
December 31, 2008

Members

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Alternate Members

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Officers

The Federal Open Market Committee is made up of the seven members of the Board of Governors; the president of the Federal Reserve Bank of New York; and four of the remaining eleven Reserve Bank presidents, who serve one-year terms on a rotating basis. During 2008 the Federal Open Market Committee held eight regularly scheduled meetings and six conference calls (see "Minutes of Federal Open Market Committee Meetings" in this volume).

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